Marketplace Morning Report

4.5 (826)
BUSINESS
UPDATED DAILY

In less than 10 minutes, we'll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace's David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you'll get a global markets update from the BBC World Service in London.

6H AGO

A potential tax on remittances

The House's proposed tax plan includes a 5% tax on remittances. These are electronic transfers of money sent by people in the U.S. — often immigrants — to friends and family abroad. There are some exceptions to the tax, including most transfers made by U.S. citizens. We'll learn how this might play out. Also: a (sorta) stock market milestone, a crypto company in the S&P and a bill that could hurt renewables in Texas.

8 min
8H AGO

Growing insurance premiums — and problems

California regulators are allowing State Farm insurance to charge 17% more following this year's LA wildfires. State Farm says it needs the rate increase — on top of the 20% it got last year — because it’s in financial distress following the fires. But the issue of higher premiums goes well beyond California. We'll hear more, then learn why there are concerns about the U.S. dollar remaining the world's reserve currency.

7 min
9H AGO

President Trump's Gulf tour continues

From the BBC World Service: It’s the second day of U.S. President Donald Trump’s tour of the Middle East. So far, there's been the red carpet treatment in Riyadh, culminating in billions of dollars in Saudi investment. Later in the tour, Trump is expected to meet Syria's interim leader to lift sanctions against the country. Plus, in France, the shop-on-a-truck idea has branched out into new areas such as beauty and cosmetics.

8 min
1D AGO

Even if it doesn't feel good, consumers are still spending

The consumer price index hit an annual rate of 2.3% last month. Consumer inflation clocked in at 0.2% from March to April — less than expected. While folks feel uncertain about the future, some data could reveal a more encouraging picture. Also on the program: how higher tariffs translate to revenue for the federal government and how an energy efficiency program that could get axed helps households and businesses save billions.

7 min
1D AGO

An existential crisis for markets?

The stock market mess many connect to President Donald Trump's intense tariff policy is, as of this morning, largely corrected. We'll unpack the recent market rollercoaster ride and discuss what to make of it all. Plus, a sweeping tax bill could extend many tax cuts from Trump's first term — but plenty of twists are expected ahead. And Trump is in Saudi Arabia for a four-day trip to the Gulf. What's on the agenda?

7 min
1D AGO

Nissan slashes thousands of jobs

From the BBC World Service: Japanese carmaker Nissan will cut 20,000 jobs globally as it struggles with falling sales in China and heavy price discounts in the U.S. We'll hear more. And later in the program, leaders and economists in Africa gather in Togo to discuss the continent's debt challenges. Plus: slashed duties on parcels from China and Hong Kong to the U.S. and calls for unity from Chinese President Xi Jinping.

7 min
2D AGO

The U.S. and China reach 90-day tariff truce

U.S. tariffs against China have been cut from 145% to 30% as part of a new 90-day trade deal. This is still higher than when President Donald Trump assumed office and could result in higher consumer prices and lower corporate profits. Also: Student loans follow some borrowers into retirement. The number of student borrowers over 62 rose by 59% from 2017 to 2023, and older borrowers are twice as likely to default than their younger peers.

7 min
2D AGO

How pre-tariff spending could affect household budgets down the line

From Apple to Audi, consumer goods companies have been reporting rising sales as consumers splurge on what they need before tariffs hit their pocketbooks. But that preemptive spending could cost consumers later down the line. Also on the show: $500 billion worth of goods are at stake in the temporary trade deal between the U.S. and China, and Trump administration policies have complicated the economic outlook for tribal nations.

7 min

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David Brancaccio

Host

4.5

out of 5

826 Ratings

Solid coverage for <30 min content

Feb 27

Skitree

I’ve been contrasting the reporting from Fox to Marketplace for the last month. Fox consistently underreports federal perturbations. As someone that’s worked in the government and is in tech, whose personal network encompasses civil workers, the deep concern by domain experts across all domains is legitimately unprecedented yet garners little interest by conservative outlets. Marketplace has a specific interest in topics related to the economy. That is still the case. Reading through the negative reviews on Marketplace’s suite of podcasts, there’s a common thread: frustrations with political bias. It seems some listeners are jumping ship based on a belief that Marketplace is pushing a liberal agenda. This confuses me. The Trump administration has clearly expressed they are adopting an isolationist agenda while building relationships with nations we’ve been in contention with for many decades—at the cost of otherwise longstanding relationships with e.g. Europe, Canada, Mexico. This has consequences on our economy, which is now expressing increased volatility. How is discussing the consequences a liberal agenda? Meanwhile, Fox has *barely* begun discussing fed layoffs. Very frustrating when that’s a source of information I use as a common ground with family and friends. What I’d like to see more of from Marketplace: deeper research on analogous events and their outcomes / causality. Interviews with economists, sociologists, and historians to build reasonably priors. Longer-form content.
Chock full of ads

May 7

DumpsterFire737

NPR / Public Media double dipping into private advertisers on top of all the free national tax payer money they receive. This podcast is nearly 20% or more of ads. Overmonetized but I guess you can get away with it having the name Marketplace.
Why Financially Inclined?

May 2

Dshigmo

The continuous advertisements for the podcast Financially Inclined is killing me! Please no more!
Love the music

10/10/2024

walker449

Even if the news is not so good the creative music gets me dancing!! Love it.

In less than 10 minutes, we'll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace's David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you'll get a global markets update from the BBC World Service in London.